Goods of potential value that have been thrown into the ocean.
(Okay, we're really just the same old 'Cue featuring the same Liberal helpings of slow-smoked Memphis Politics. But sometimes we can't help ourselves)

Wednesday, March 12, 2008

The $3 Trillion Dollar War

In their new book The Trillion Dollar War, Joseph Stiglitz, winner of the 2001 Nobel Prize in economics, and Linda Bilmes estimate the full cost of the Iraq "War" (invasion and occupation) to be $3 trillion (and the cost to the rest of the world to be another $3 trillion). (The Bush administration said the war would only cost $50 billion, the amount being spent every three months!)

For one-sixth of the cost of the war, the U.S. could put Social Security on a sound footing for more than half a century, without cutting benefits or raising taxes!

The U.S. national debt (which was $5.7 billion when bush became president) will be $2 trillion higher because of the war alone (in addition to the $800 billion increase under Bush before the war)!

The Bush administration LIED about everything to justify the illegal invasion of Iraq, including the cost!